Janney Capital Reiterates Buy Ahead of Francesca's (FRAN) Q1 Report

Janney Capital maintains a Buy rating and $20.00 price target on Francesca's Holdings (NASDAQ: FRAN) leading up to its Q1 earnings report. Analyst Adrienne Yih expects FRAN to report EPS of $0.18 vs the Street's estimate of $0.17, and guidance of $0.15-$0.18. FRAn is scheduled to release its earnings report June 10th.

Adrienne commented, “We expect FRAN to report 1Q15 EPS of $0.18, vs St at $0.17 & mgmt. guidance of $0.15-$0.18. Across the sector, we have noted commentary on weak topline as well as jewelry category softness. While we are cautious into the print, we remain positive on FRAN as: 1) sales-to-inventory spread positively inflected in 4Q14, 2) jewelry (~25% of sales) is a significant opportunity in 2Q, especially against easier compares from last year (we estimate negative high 20%), & 3) apparel trends emerge. Call on 6/10/15 at 8:30 AM ET; 888 218 8170; ID: 9068887.”

For an analyst ratings summary and ratings history on Francesca\'s Holdings click here. For more ratings news on Francesca\'s Holdings click here.

Shares of Francesca\'s Holdings closed at $15.95 yesterday.

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